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. >> well, it is, but that can change with the context of the time, the environment the president and the congress is presented with, and there are so many serious challenges facing the american people. if the president can find a way with his own involvement and then with his staff's of bridging the gap between himself and the republicans in the congress to get things done on our debt, on guns, on immigration, on the environment, on energy, on education, he can go down as a great second term president. he's got a great opportunity. but he's got to get personally involved in the process itself, and he's got to understand where the other side is coming from and he's got to try to accommodate some of their concerns. and if he does that, i think he can be a great second term president and have a better second term than his first. >> we got a lot of indications about what he was thinking about in his last news conference of the first term this week, and he answered critics who talked about the lack of diversity in his new cabinet, but they are losing another minority, obviously, with the
. >> well, it is, but that can change with the context of the time, the environment the president and the congress is presented with, and there are so many serious challenges facing the american people. if the president can find a way with his own involvement and then with his staff's of bridging the gap between himself and the republicans in the congress to get things done on our debt, on guns, on immigration, on the environment, on energy, on education, he can go down as a great second...
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not just school environments, but in our community where we will not have these fears? where we will not be afraid of mass shootings and these assault weapons, which are so rampant in this country today. >> sean burke, which like to respond to the ad that says are the president is more important than yours, then why is skeptical about putting on a secured in our schools when his kids are protected by armed guards? do you think this is a pro. ? >> good morning. i also do not like anything that is done out of fear. i do not think fear is going to be good for school safety and i don't think it is good for the and states. i don't think it will produce anything that will be positive in the way of changes in school safety. i don't think it is inappropriate at to be running in the u.s., no. >> can you elaborate your responses to the newtown shooting and what you think ought to be done to increase safety in schools, sean burke? >> first of all, we promote reasonableness. i don't think there is call to go off on wild tangents or go out of the norm with a lot of ideas that are co
not just school environments, but in our community where we will not have these fears? where we will not be afraid of mass shootings and these assault weapons, which are so rampant in this country today. >> sean burke, which like to respond to the ad that says are the president is more important than yours, then why is skeptical about putting on a secured in our schools when his kids are protected by armed guards? do you think this is a pro. ? >> good morning. i also do not like...
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dimon asked the feds for smaller buy back to go forward to play it safe in a regulatory environment. sue, back to you. >> thank you very much. matt, covering goldman sachs and j.p. morgan for wells fargo. matt, first of all, let's go to j.p. morgan. how do you rate the stock and do today's rates change the way you feel about the stock? >> thanks, sue. we have an outperform rating on j.p. morgan today and we've had it for some time. we think today's results actually were, once you read through a number of the one-time items, relatively strong. we see a core return on tangible common equity in mid teens. and we think that the strong mortgage performance of the company as well as the relatively strong performance out of investment bank, good revenue performance, and as your previous reporter mentioned, preconference as well and that leads it a solid performance. relative to the peer group for the next six to 12 months. >> so matt, give mae choice between goldman sachs and j.p. morgan. i know they have fundamental differences between them, but if you have to buy one stock today, would it
dimon asked the feds for smaller buy back to go forward to play it safe in a regulatory environment. sue, back to you. >> thank you very much. matt, covering goldman sachs and j.p. morgan for wells fargo. matt, first of all, let's go to j.p. morgan. how do you rate the stock and do today's rates change the way you feel about the stock? >> thanks, sue. we have an outperform rating on j.p. morgan today and we've had it for some time. we think today's results actually were, once you...
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it's about the broader environment that we're creating for ourselves and for our families. and this underlying culture of violence that leads to the kinds of tragedies that took place in newtown but also in columbine and aurora, and we can go through the list. we've almost become numb to the ticker telling us that some other community is confronting this kind of tragedy. and i think we have a responsibility as individuals and as citizens to push back on this. if this isn't the kind of culture we want, then we're going to have to say to companies, to our policymakers, this isn't -- you're going to have to stop. >> joe, i'm talking about playing nice, but i don't think that's going to work. >> and you know, the thing is, we have been focusing, of course, some on the gun lobby. >> right. >> but right after newtown, we were also talking about the responsibility of hollywood. >> right. >> and you want to talk about an industry that is completely blind to the -- you know, to their responsibility, bringing violence to culture, who was one of the most celebrated men sunday night at
it's about the broader environment that we're creating for ourselves and for our families. and this underlying culture of violence that leads to the kinds of tragedies that took place in newtown but also in columbine and aurora, and we can go through the list. we've almost become numb to the ticker telling us that some other community is confronting this kind of tragedy. and i think we have a responsibility as individuals and as citizens to push back on this. if this isn't the kind of culture...
SFGTV: San Francisco Government Television
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Jan 16, 2013
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it will save our environment by using a viable renewable resource it will create jobs for millions of californians. it will be reforest our trees, seal, expunge, destroy any felony, misemeanor, present or prior. it will allow those 21 and over responsible adults to use cannabis responsibly like they do in other nations. it will tax the recreation industry like tomatoes and the money will go to the social infrastructure. we will go nationwide with this. plan ongoing worldwide with this. we will end the war on cannabis. using a medicine that comes from god, genesis 2:9, crack open your bibles. san francisco is a city of love. congratulations. it is the interest of my life work since 1976. god bless you all. >> next speaker. >> president chiu, supervisors, elected officials and public. i stand to be in a great deal of excitement because within our african-american tradition we are celebrating the 150th anniversary of the emancipation proclamation. i congratulate those who have been elected on this most auspicious occasion. i want to say that i think it is very good that supervisor cohen
it will save our environment by using a viable renewable resource it will create jobs for millions of californians. it will be reforest our trees, seal, expunge, destroy any felony, misemeanor, present or prior. it will allow those 21 and over responsible adults to use cannabis responsibly like they do in other nations. it will tax the recreation industry like tomatoes and the money will go to the social infrastructure. we will go nationwide with this. plan ongoing worldwide with this. we will...
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>> i think the polls are shifting and the environment may be better, but the intensity of this issue, how strongly do people feel about it, is still on the side of the gun owner. so, what you have to do, the president and other also have legislation and regulations, we have to build a climate -- a political climate in this country where it's safer for politicians to support this legislation. and that is not an easy thing to do. but i think it's important to try. >> and i just want to outline some of the recent polls. they fascinated me. i don't know if i'm naive to this they seem to have significantly shifted on a number of different levels. when it comes to sat s ts t s s with gun laws, a "usa today" gallup poll suggested that 30% of those were dissatisfied and wanted stricter gun control. 43% were satisfied. 5% wanted less strict guns. when you break it down into specifics, that's what the president is doing today, the nationwide ban on semiautomatic handguns, 51% support that. and a nationwide ban on high capacity ammunition clips, that number is even higher. it's 65% now of those
>> i think the polls are shifting and the environment may be better, but the intensity of this issue, how strongly do people feel about it, is still on the side of the gun owner. so, what you have to do, the president and other also have legislation and regulations, we have to build a climate -- a political climate in this country where it's safer for politicians to support this legislation. and that is not an easy thing to do. but i think it's important to try. >> and i just want...
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as communities and certainly in the schools as well i think we can have a much safer community and environment for our kids than we have now. >> marc klaas joining us this morning. marc the father of polly klaas and the founder of the klaas kids foundation. thanks for talking to us. we appreciate your time this morning. >> thank you so much. >> many people pointed out that it appears in the video the little girl goes so easily with her mother, her mother wears a burqa and so maybe she didn't know it was her mother. kids that age will go with an adult. their whole lives are -- their lives -- >> right. >> i picked one of my friend's kids from tae kwon do, and they didn't ask where is mom and dad, where are we going, it's one of the things you have to be so careful that what kind of adults are around and i was amazed that an adult can stroll into a school and out with a child like this. >> children don't ask, okay, because their whole lives are built around, you go to that now, you do this now, i think it's really a terrifying thing that the people didn't say to you, i don't care if he says he kn
as communities and certainly in the schools as well i think we can have a much safer community and environment for our kids than we have now. >> marc klaas joining us this morning. marc the father of polly klaas and the founder of the klaas kids foundation. thanks for talking to us. we appreciate your time this morning. >> thank you so much. >> many people pointed out that it appears in the video the little girl goes so easily with her mother, her mother wears a burqa and so...
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it is an extremely confusing environment if you have one set of airlines saying they are grounding and another set of airlines saying they are still flying them. >> how disruptive is this for travelers? >> by and large, almost nonexistent. the airlines will swap in some -- jal and ana have canceled some flights, swapped in other aircraft, absolutely minimal. not at the moment an issue of disruption. >> richard quest, thank you. >>> so three months all alone at sea. coming up, we catch up with one of the most determined competitors we have ever met racing around the world all by himself. in a sailboat. ♪ using cloud computing and mobile technology, verizon innovators have developed a projective display for firefighters. allowing them to see through anything. because the world's biggest challenges deserve even bigger solutions. powerful answers. verizon. ya. alright, another one just like that. right in the old bucket. good toss! see that's much better! that was good. you had your shoulder pointed, you kept your eyes on your target. let's do it again -- watch me. just like that one...
it is an extremely confusing environment if you have one set of airlines saying they are grounding and another set of airlines saying they are still flying them. >> how disruptive is this for travelers? >> by and large, almost nonexistent. the airlines will swap in some -- jal and ana have canceled some flights, swapped in other aircraft, absolutely minimal. not at the moment an issue of disruption. >> richard quest, thank you. >>> so three months all alone at sea....
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how are you investing in this environment? >> we think it's important not to be taking too little risk, so certainly making sure that you have adequate exposure, especially to things like the emerging markets where the fundamentals of growth are a lot better than they are in the united states is clearly important, but most of all making sure that you're taking in risk in line with what you can afford to take and not taking too much and not too little but really controlling it throughout the year. >> steve. is it possible that the beige report that we get today is sort of ancient history because things are becoming clearer now as far as the fiscal policy of the united states. we still have the debt crisis coming in a couple of months here to be resolved, but, you know, things do seem to be getting better. we've had some companies say that the housing market is for real right now, for example. >> yeah. i guess there's two different ways to think about it, bill. ancient history or crystal ball telling our future. i mean, when i r
how are you investing in this environment? >> we think it's important not to be taking too little risk, so certainly making sure that you have adequate exposure, especially to things like the emerging markets where the fundamentals of growth are a lot better than they are in the united states is clearly important, but most of all making sure that you're taking in risk in line with what you can afford to take and not taking too much and not too little but really controlling it throughout...
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. >>> climate change can have a variety of impacts on the marine environment, nearly all of which can be perceived as bad. >> reporter: hampton says because of an increase in carbon dioxide, warmer temperatures can make the oceans more acidic which can harm marine life. animals like crabs including horseshoe crabs can be especially vulnerable because the increased acidity can eat away at their shells leaving them less protected. >> it's going to affect the availability of various types of seafood, which, of course, impacts the economy on a very large scale in our area. >> reporter: does that continue to concern you? >> oh, absolutely. yeah. i think the effects we're seeing now are just the beginning. >> reporter: there are also worries over rising sea levels. in nearby huntington beach, the tide now comes up farther inland. >> along the california southern coast we've experienced an eight-inch rise in sea level already. it's nothing we can continue to deny. >> reporter: the u.s. government predicts sea levels will rise between 1 and 4 feet by the next century. bigad shaban, cbs news,
. >>> climate change can have a variety of impacts on the marine environment, nearly all of which can be perceived as bad. >> reporter: hampton says because of an increase in carbon dioxide, warmer temperatures can make the oceans more acidic which can harm marine life. animals like crabs including horseshoe crabs can be especially vulnerable because the increased acidity can eat away at their shells leaving them less protected. >> it's going to affect the availability of...
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. >> they train them to find any object to any type of environment. >> on tractors -- contractors are bracing for the worst place scenarios. >> they could start fresh. now it's two more months and they wonder how they will survive and be impacted. >> the threat of spending cut has immediate impact. jonathan serrie, fox news. >> bret: look at the markets, the dow brokebe a five-day winning streak. still ahead, does slaughtering people in cyber space lead to the real thing in real life? why not enough water in lake michigan means higher prices for you an your family. ford c-max hybrid. when you're carrying a lot of weight, c-max has a nice little trait, you see, c-max helps you load your freight, with its foot-activated lift gate. but that's not all you'll see, cause c-max also beats prius v, with better mpg. say hi to the all-new 47 combined mpg c-max hybrid. >> bret: a fox news alert. moments ago, the federal aviation administration, faa grounded all boeing 787 airplanes. they said the operators must firm demonstrate the batteries are safe. the new aircraft has been plagued by a serie
. >> they train them to find any object to any type of environment. >> on tractors -- contractors are bracing for the worst place scenarios. >> they could start fresh. now it's two more months and they wonder how they will survive and be impacted. >> the threat of spending cut has immediate impact. jonathan serrie, fox news. >> bret: look at the markets, the dow brokebe a five-day winning streak. still ahead, does slaughtering people in cyber space lead to the real...
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gun control advocate suggest schools didn't want to bring this type of security to their classrooms environment might be benefited by federal financing. they are talking 50 million even more that could be tossed into legislation to actually federally fund protecting kids with armed guards in schools. >> carl cameron, thank you. the time right now 26 after the hour. coming up a landowner takes his case all of the way to the supreme court after the government forces him to sabotage his own property as protective wetlands and then makes him foot the bill. >> image going in for surgery and coming out with the wrong knee replaced. it happens a lot more than you might think. doctors are turning to pilots to help. we will explain. >> it is 30 minutes after the hour. >> it is if i am for the top 5@5:30. >> hagel flip flopping ahead of his confirm may go hearing. he was gensz un l against unilal sanctions in iran. chuck schumer says hagel now believes we must do whatever it takes to stop iran from obtaining a nuclear weapon. in the past hagel refused to call hezbollah as a terrorist group but now does.
gun control advocate suggest schools didn't want to bring this type of security to their classrooms environment might be benefited by federal financing. they are talking 50 million even more that could be tossed into legislation to actually federally fund protecting kids with armed guards in schools. >> carl cameron, thank you. the time right now 26 after the hour. coming up a landowner takes his case all of the way to the supreme court after the government forces him to sabotage his own...
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. >> who would want to continue to have an environment where we have in this country, not so much in california, but in the country where 40 percent of the purchased guns do not have criminal background checks? >> the focus should be on the behaviors of the individual who committed the crime not on the focus, not focusing on the behaviors of those who have not committed crimes. >> the n.r.a. is releasing a video attacking president obama for not supporting the arming of school employees when his children have their own armed guards at school. >> new this morning we are learning more successful a gun "buy back" program was in marin county, in all, 827 weapons were turned in, given up to $200 a weapon. agoers ran out of money in a few hours. another buy back is scheduled for monday, from 11 a.m. until 8:00 p.m. with no questions asked at san rafael and mill valley. >> in contra costa a search is on for a boy who escape add juvenile detention center and residents are told to look out for the teen. the facility is known as the boy's ranch. the teen has brown hair and brown eyes and is 6'
. >> who would want to continue to have an environment where we have in this country, not so much in california, but in the country where 40 percent of the purchased guns do not have criminal background checks? >> the focus should be on the behaviors of the individual who committed the crime not on the focus, not focusing on the behaviors of those who have not committed crimes. >> the n.r.a. is releasing a video attacking president obama for not supporting the arming of school...
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continuing to raise margins even in a challenging rate environment. ceo president harry turner coming up next in a fox business exclusive. "countdown to the closing bell" is next rea. [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with an "a" rating from the better business bureau legalzoom helps you get personalized and affordable legal protection. in most states, a legal plan attorney is available with every personalized document to answer any questions. get started at legalzoom.com today. and now you're protected. ♪ ♪ [ male announcer ] you don't have to be a golf pro to walk like one. ♪ when you walk 10,000 steps a day, it's the same as walking a professional golf course. humana. health and well-being partner of t
continuing to raise margins even in a challenging rate environment. ceo president harry turner coming up next in a fox business exclusive. "countdown to the closing bell" is next rea. [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the...
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and then i started to go to a local gym to walk on a treadmill and it just -- being in the environment, it made me, you know, want to be more involved in the other aspects of my physical health. >> that's when you started getting into working out. is this book for mere mortals? we joke about it. we see you at "in the club." our results may very. you're pretty in shape. >> when they call me machine they're making fun of me. >> oh, they are? >> yes. the book is for the average person to -- person that's a little more advanced. there's two different programs in there. it's a six-week program. it has diet involved in it. a lot of times people get the training right and not implement the right diet and so they don't see the results they're actually looking for. >> a lot of people have notions about the rap lifestyle. not everyone immediately thinks this is the healthiest lifestyle. something you take on right away in the book. you write you might legitimately ask, who are you to preach fitness? aren't you the guy who dropped joints like high all the time? >> comfortable with that fitness an
and then i started to go to a local gym to walk on a treadmill and it just -- being in the environment, it made me, you know, want to be more involved in the other aspects of my physical health. >> that's when you started getting into working out. is this book for mere mortals? we joke about it. we see you at "in the club." our results may very. you're pretty in shape. >> when they call me machine they're making fun of me. >> oh, they are? >> yes. the book is...
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i think that the financial story and economic story is saying this is not the kind of financial environment that leads to rapid growth. >> interesting. >> okay. >> you tied it in to dell and jpmorgan and everything else. excellent. larry, thank you. >> my pleasure. >> join us tomorrow. "squawk on the street" begins right now. >>> good wednesday morning. welcome to "squawk on the street." i'm melissa lee with carl quintanilla, and jim cramer and david faber at the new york stock exchange. stocks had a pretty nice day yesterday. the s&p closed at five-year highs. we are looking to the down decide this morning. the dow looking to lose about 62 at the open. the picture in europe, a couple of downgrades for gdp forecasts from both the german government and world bank. italy is down by 1.5%. road map this morning starts off with the banks and earnings. jpmorgan higher. goldman sachs at 18-month highs. >> japan airlines grounding their entire dreamliner fleet. >>> dell shares falling this morning after david faber reports that a deal could be announced within two weeks, but at a price of 13.50 or
i think that the financial story and economic story is saying this is not the kind of financial environment that leads to rapid growth. >> interesting. >> okay. >> you tied it in to dell and jpmorgan and everything else. excellent. larry, thank you. >> my pleasure. >> join us tomorrow. "squawk on the street" begins right now. >>> good wednesday morning. welcome to "squawk on the street." i'm melissa lee with carl quintanilla, and jim...
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it's like a national sales tax and in the current environment where washington desperately needs money, you've capped how much you can take in income taxes in our fiscal cliff deal. where else do you get the money? a consumption tax? a carbon tax? a value added tax? a gas tax, butat you consume. when you spend your money, you get taxed. that's a big revenue hog. >> megyn: it's a big number for a lot of americans, stu, thank you. >> sure. >> megyn: coming up, new details on a terrifying hour's long ordeal for a woman who found herself in a tight spot. trace is next on how crazy this scene came to be. stay with us. >> now a story about how a teen spirit is sidelined by flu fears in new york. the new york soccer club is banning hand shakes and high-fives for now anyway, and they didn't breathe on each other either, it's like, okay, kind of hard to stop, but all right. the president of the club happens to be an infectious disease specialist and she knows what she's talking about and says they're asking parents to keep sick kids at home. that's smart. and using the word epidemic here, alrea
it's like a national sales tax and in the current environment where washington desperately needs money, you've capped how much you can take in income taxes in our fiscal cliff deal. where else do you get the money? a consumption tax? a carbon tax? a value added tax? a gas tax, butat you consume. when you spend your money, you get taxed. that's a big revenue hog. >> megyn: it's a big number for a lot of americans, stu, thank you. >> sure. >> megyn: coming up, new details on a...
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the question people ask is, can we see anything from the fourth quarter that will tell us what the environment in 2013 is like. i guess my answer to that would still be no. fiscal cliff issues, europe, the election, tropical storms, et cetera, and there's still no real clarity on what the business models, investment banking are going to look like as we head toward three. it's going to be much better numbers than a year ago. numbers are going to be slightly down versus the third quarter. and -- to my mind, there's still really nothing we'll be able to take away from the numbers in terms of -- >> which is frustrating because we're at a time when we are trying to re-evaluate what the model is going to be, what earnings will look like going forward. in your view, what is -- what is the investment case for these investment banks today? >> well, the investment case for an investment bank is that when they work very well, they are extremely capital -- if i advise a company and get a fee for ecm or m&a deal, it requires no capital, and i get a lot of money. that's very attractive. the second thing is
the question people ask is, can we see anything from the fourth quarter that will tell us what the environment in 2013 is like. i guess my answer to that would still be no. fiscal cliff issues, europe, the election, tropical storms, et cetera, and there's still no real clarity on what the business models, investment banking are going to look like as we head toward three. it's going to be much better numbers than a year ago. numbers are going to be slightly down versus the third quarter. and --...
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issued some temporary principles-pass based rules that would allow people to raise capital in this environment while it gives you experience and time to get them right? >> good to see you, professor. i think that question goes specifically to the larger question of the problem of principles-based rules. we are present prescriptive in our rulemaking. when we try, if you look at the proposal on general solicitation, when things are more principles-based, what we get back from lawyers, you know, trade groups, please give us a safe harbor with three easy steps and a check lists to ensure ourselves against liability both from the s.e.c. and civilly. there are oftentimes a press to get that sort of prescriptive rulemaking. quite frankly, i'm skeptical it would work because i don't know if folks would take the ball and run with it. the s.e.c., we, the commission, need to get on it and get the rules proposed and finalized. the fact that it's not done is a travesty. the deadline was in july of last year for final rules. and we only got our proposal out at the end of august. i hope and expect that there
issued some temporary principles-pass based rules that would allow people to raise capital in this environment while it gives you experience and time to get them right? >> good to see you, professor. i think that question goes specifically to the larger question of the problem of principles-based rules. we are present prescriptive in our rulemaking. when we try, if you look at the proposal on general solicitation, when things are more principles-based, what we get back from lawyers, you...
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. >> one what are the things you think you can do in this environment? by the way, i talked to bankers who say, you know what, i don't know if anyone's going to trust us. first of all i'm not sure anyone did historically trusted banks. >> agreed. >> and that it may never get that much better until, frankly, the economy gets better and the unemployment picture gets better. >> i would sake exception with never. i think there have been times in the past when the banker was your friend. you knew you could go down and get a loan if you needed to buy a house. you didn't worry about whether you could qualify. you worried about, you know, what house you wanted to buy. those are the types we need to get back. to frankly, banking's only one part of the financial services industry. this is a very broad, very wide industry. markets are driven based on people's confidence in their future, their willingness to invest in something they think has a better future than the current times. so earning that confidence. you know, financial advisers in our industry, professiona
. >> one what are the things you think you can do in this environment? by the way, i talked to bankers who say, you know what, i don't know if anyone's going to trust us. first of all i'm not sure anyone did historically trusted banks. >> agreed. >> and that it may never get that much better until, frankly, the economy gets better and the unemployment picture gets better. >> i would sake exception with never. i think there have been times in the past when the banker was...